PRIVACY POLICY

PRIVACY POLICY

FACTS

WHAT DOES Mortgage Miracles Happen, LLC DO WITH YOUR PERSONAL INFORMATION?

WHY?

Companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.

WHAT?

The types of personal information we collect and share depend on the product or service you have with us. This information can include:

Phone number and income.

Account balances and payment history.

Contact Information and Address Information.

HOW?

All companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons companies can share their customers’ personal information; their reasons Mortgage Miracles Happen, LLC chooses to share; and whether you can limit the sharing.

Reasons we can share your personal information

Does Reverse My Mortgage Share?

Can you limit this sharing?

For our everyday business purposes – such as to process your transactions, maintain your accounts, respond to court orders and legal investigations, or report back to credit bureaus.

Yes

Yes

For our marketing purposes – to offer our products and services to you.

Yes

Yes

For our affiliates’ everyday business purposes – information about your transactions and experiences.

If you are a new customer, we can begin sharing your information 30 days from the date we sent this notice. When you’re no longer our customer, we can continue to share your information as described in this notice.

However, you can contact us at any time to limit our sharing.

Questions?

Call 1-801-399-2364 or go to www.utahreversemortgageloans.com

State and Federal Compliance

Mortgage Miracles Happen, LLC works with a select group of Reverse My Mortgage, LLC approved lenders. These lenders operate and comply with all federal and/or state laws and regulations.

Fees:

Mortgage Miracles Happen, LLC does not collect or charge any fees for the service provided on this site including the reverse mortgage calculator. Mortgage Miracles Happen, LLC does not charge fees for any other service provided to consumers. However, Mortgage Miracles Happen, LLC approved lenders may have fees associated with closing a reverse mortgage. We encourage you to review all their fees and procedures prior to closing a reverse mortgage loan.

How we use the information we collect

We collect, retain and use only personal information is required to provide you with a personalized reverse mortgage loan evaluation. We may disclose your information to our selected group of reverse my mortgage approved lender in order to fulfill requests for information. Once a Mortgage Miracles Happen, LLC approved lender receives your information, they may contact you directly via phone, e-mail or other communications. All of these lenders operate under federal and/or state laws and regulations. The privacy policy of these approved lenders may be different from ours, so we encourage you to read their policy before responding to a Mortgage Miracles Happen, LLC approved lender’s offer.

From time to time, Mortgage Miracles Happen, LLC may contact you to request feedback on your experience in order to make improvements to our site. Mortgage Miracles Happen, LLC may disclose information about you as required by law.

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Disclosure:
¹If you qualify and your loan is approved, a HECM Reverse Mortgage must pay off your existing mortgage(s).
With a HECM Reverse Mortgage, no monthly mortgage payment is required. Borrowers are responsible for paying property taxes and homeowner’s insurance (which may be substantial). We do not establish an escrow account for disbursements of these payments.
A set-aside account can be set up to pay taxes and insurance and may be required in some cases. Borrowers must also occupy home as primary residence and pay for ongoing maintenance; otherwise the loan becomes due and payable.
The loan becomes due and payable when the last borrower, or eligible non-borrowing surviving spouse, dies, sells the home, permanently moves out, or defaults on taxes and insurance payments, or does not comply with loan terms.
A Reverse Mortgage increases the principal mortgage loan amount and decreases home equity (it is a negative amortization loan).
These materials are not from HUD or FHA and were not approved by HUD or a government agency.
²Social Security benefits estimator available at www.ssa.gov/estimator.
³Loan proceeds are paid tax-free; consult your tax advisor.
Call 1-801-399-2364 to learn more.